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Transocean Shares Take a Beating Over Songa Offshore Deal

By David Wethe and Joe Carroll (Bloomberg) — Transocean Ltd. dropped to the lowest in more than two decades as investors panned its deal to buy Songa Offshore SE in the biggest offshore drilling industry deal since oil prices collapsed three years ago. The enterprise value is about $3.4 billion, half of which is Songa […] The post Transocean Shares Take a Beating Over Songa Offshore Deal appeared first on gCaptain.
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